The government approved a memorandum between the Romanian Ministry of Energy, SMEs and Business Environment and the European Bank for Reconstruction and Development (EBRD).
The program was created to support the development of 500 SMEs by connecting these businesses to local consultants and international advisers.
The program has been running in Romania since 1993, with donor financing, and over EUR9 million has been allotted so far to support activity in Romania. Financing came from Austria, Canada, Luxembourg, Japan, the UK and the EU.